The troubles we experience today in resolving our economic turmoils stem from “patching up” our problems, rather than understanding how we got to this position in the first place. The reason our cost of living continues to soar and the value of our dollar continues to diminish is because of a failed monetary policy (in which the Federal Reserve continues to use). Besides the heavy spending that we need to cut overseas in foreign banks and militarism, we must end this operation between the Treasury and Federal Reserve where they, along with the big corporations (GSE’s), benefit from bailouts, interest rates and other intergovernmental transfers of printed/inflated money. They are indirectly monetizing the debt and it is slowly going to wipe out the middle and working class if we do not do something about this!
“Treating an interest expense as revenue when returned by the Fed to the Treasury is really an accounting shell game. Consider what the Fed has done. It has printed money by issuing one form of government debt to purchase other forms of government debt, Treasuries and MBS from government-backed Freddie and Fannie. The government (Treasury) pays interest to another government entity (Federal Reserve) on those assets, and when the funds are transferred back to the Treasury an expense is magically transformed into revenue. “ -Bob Eisenbeis, Cumberland Advisors’ Chief Monetary Economist (http://www.washingtonpost.com/business/economy/critiqueresponse-allan-sloan-addresses-bob-eisenbeiss-take-on-bailout-column/2011/07/20/gIQAnDpZQI_story.html)
Treason4Truth 